FEATURES

• Open-Ended Interface: CreditAPI will directly interface with your customized LOS, desktop underwriter, or other software system that uses credit information. Its XML-based technology allows easy integration.
  
  
• Credit Reports in Seconds: Order, view, and print credit reports in less than 10 seconds
  
  
• Free re-access to credit data: CreditAPI pulls the credit data from the repositories and stores the data so that you can re-access it at any time free of additional charges.
  
  
• HTML/PDF/XML/X12: Get your credit data in many formats.
  
  
• System Maintenance: MeridianLink is highly experienced in the ASP financial information industry and will ensure that your system stays current with the latest credit bureau requirements and technology.
  
  
• Security: CreditAPI uses Secured Socket Layer (SSL) 128-bit encryption and is certified by TruSecure, a worldwide leader in Internet security assurance.
  
  
• Technical Support and Service: MeridianLink provides the highest quality technical support and service in the industry. Our Microsoft Certified developers and engineers are available to your company for all your needs.

BENEFITS

• Save Time: CreditAPI connects directly to your system and to the credit bureaus over an Internet line so transactions are ordered, processed, and delivered in just a few seconds. What does this mean to you? More business with less time and effort.
  
  
• Increase Efficiencies: CreditAPI merges data from the three repositories and delivers it to your system in a uniform and customized format. This eliminates the hassles associated with inconsistent formats and redundant data entry and creates efficiencies for your business.
  
  
• Increase your profits: CreditAPI is very cost effective, which allows your business to become more efficient even as it lowers costs and improves profitability.

HOW IT WORKS

Here are some examples of how CreditAPI can benefit your credit-based company:

• Companies that offer real-time approvals with online applications
• Large mortgage lender or broker
• Credit union, Small loan lenders, Equipment leasers, etc.

If you are a software developer and would like to offer CreditAPI as an added value product to your LOS, underwriting engine, Web application, or other software please contact us.

COMPANIES THAT OFFER REAL-TIME APPROVALS WITH ONLINE APPLICATIONS

A business that delivers credit-based products and services directly to the consumer via a browser based application.

WHAT ARE THE BENEFITS

Operational Efficiencies. CreditAPI will simplify and automate your web-based credit supported business. Everything is completed via an Internet connection so it is fast and easy. The credit information is directly inputted into your web-based application, without the need for human intervention. After your web application runs its queries, it will instantly approve, deny, or otherwise inform your customer of their application status. Directly over the web. In real-time.

Eliminates network security issues. Since the credit data is stored in MeridianLink's database, we will ensure strict security measures in the handling of such critical and confidential information. This equates to huge operational efficiencies for you without the hassle.

LARGE MORTGAGE LENDERS OR BROKERS
Credit-based businesses that need credit verifications and have a customized LOS, desktop underwriting engine, or other customized software package.

WHAT ARE THE BENEFITS?

Cost savings. Since CreditAPI can be linked to credit resellers using MeridianLink's credit system, Mortgage Credit Link (MCL), you can request credit verifications from them without having to pay for the credit report again. Normally you would have an online telemarketing system run a credit report to get a pre-qual quote. If the borrower's credit looks decent enough, you would have to re-run the credit report with a credit reporting agency for trade supplements so that you can upgrade the loan to an approved status. This means you pay for the same credit information twice. CreditAPI eliminates this redundancy.

System Compatibility. The CreditAPI module is an open interface that connects directly to your Loan Origination System (LOS), desktop underwriter, or other customized software, and provides seamless integration with your existing IT infrastructure. In addition, the CreditAPI interface eliminates redundant and time-consuming double and triple entry of applicant and credit information.

Operational Efficiencies. CreditAPI will simplify and automate your web-based credit business. Everything is completed via an Internet connection so it is fast and easy. Information from all three credit bureaus is inputted directly into your LOS, desktop underwriter, etc. in seconds and without any human intervention. After your system runs its queries, CreditAPI will auto-populate any necessary reports or letters with relevant credit data. And since CreditAPI is based on XML technology, the integration is easy.

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